The Farmers Capital Bank Corp. (FFKT) Research Coverage Started at Sandler O’Neill

The Farmers Capital Bank Corp. (FFKT) Research Coverage Started at Sandler O’Neill

Sandler O’Neill initiated coverage on shares of Farmers Capital Bank Corp. (NASDAQ:FFKT) in a research report released on Friday. The brokerage issued a buy rating and a $35.00 price target on the stock.

Separately, Zacks Investment Research cut shares of Farmers Capital Bank Corp. from a buy rating to a hold rating in a research report on Monday, July 18th.

Farmers Capital Bank Corp. (NASDAQ:FFKT) opened at 31.74 on Friday. Farmers Capital Bank Corp. has a 52 week low of $24.65 and a 52 week high of $31.85. The company has a 50-day moving average of $30.27 and a 200-day moving average of $28.53. The company has a market cap of $238.21 million, a P/E ratio of 13.88 and a beta of 0.50.

Farmers Capital Bank Corp. (NASDAQ:FFKT) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. Farmers Capital Bank Corp. had a net margin of 19.73% and a return on equity of 9.50%. On average, equities research analysts predict that Farmers Capital Bank Corp. will post $2.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Thursday, September 1st were given a $0.07 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.28 annualized dividend and a yield of 0.88%. Farmers Capital Bank Corp.’s dividend payout ratio is presently 12.28%.

In other Farmers Capital Bank Corp. news, Director John C. Roach purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was bought at an average price of $29.00 per share, with a total value of $29,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of FFKT. Castine Capital Management LLC raised its stake in shares of Farmers Capital Bank Corp. by 33.4% in the second quarter. Castine Capital Management LLC now owns 166,689 shares of the company’s stock worth $4,559,000 after buying an additional 41,689 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Farmers Capital Bank Corp. by 9.3% in the second quarter. Brown Advisory Inc. now owns 249,920 shares of the company’s stock worth $6,835,000 after buying an additional 21,216 shares during the last quarter. Bridgeway Capital Management Inc. raised its stake in shares of Farmers Capital Bank Corp. by 14.8% in the second quarter. Bridgeway Capital Management Inc. now owns 130,749 shares of the company’s stock worth $3,576,000 after buying an additional 16,900 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in shares of Farmers Capital Bank Corp. during the second quarter worth $299,000. Finally, Analytic Investors LLC purchased a new stake in shares of Farmers Capital Bank Corp. during the second quarter worth $253,000. 46.91% of the stock is owned by institutional investors.

About Farmers Capital Bank Corp.

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